SCHEDULE 2 Moratoriums in Great Britain: Contracts Involving Financial Services
Corporate Insolvency and Governance Act 2020 (2020 c 12) | Legislation

SCHEDULE 2 Moratoriums in Great Britain: Contracts Involving Financial Services

Section 1(3)

In the Insolvency Act 1986, after Schedule ZA1 (inserted by Schedule 1 to this Act) insert—

“SCHEDULE ZA2
Moratorium: Contract or other Instrument Involving Financial Services
Section A18

Introductory

1

For the purposes of section A18 “contract or other instrument involving financial services†means a contract or other instrument to which any of the following paragraphs applies.

Financial contracts

2

(1)     This paragraph applies to a financial contract.

(2)     “Financial contract†means—

(a)     a contract for the provision of financial services consisting of—

(i)     lending (including the factoring and financing of commercial transactions),

(ii)     financial leasing, or

(iii)     providing guarantees or commitments;

(b)     a securities contract, including—

(i)     a contract for the purchase, sale or loan of a security, group or index of securities;

(ii)     an option on a security or group or index of securities;

(iii)     a repurchase or reverse repurchase transaction on any such security, group or index;

(c)     a commodities contract, including—

(i)     a contract for the purchase, sale or loan of a commodity or group or index of commodities for future delivery;

(ii)     an option on a commodity

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